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Further steps to juice its economy, Brazil announces another $1B in tax cuts and the central...

  • Tuesday, May 22, 2012, 1:22 PM ET
    Further steps to juice its economy, Brazil announces another $1B in tax cuts and the central bank frees up about $9B in reserves in exchange for banks allowing auto loans on better terms. Perhaps disappointed with the minor measures (GDP = $2.5T), the Bovespa continues to struggle, -2.1%.
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